AFCONS Infrastructure Limited is a prominent Indian construction and engineering company specializing in large-scale infrastructure projects across sectors like transportation, marine, hydro, and industrial. Part of the Shapoorji Pallonji Group, AFCONS is known for its expertise in building complex infrastructure, including bridges, tunnels, metro rail systems, ports, and offshore oil and gas platforms. The company operates both in India and internationally, delivering projects in challenging environments and focusing on innovation, sustainability, and safety in construction.Largest IPO in the Infrastructure Space in India. The IPO received strong response across investor categories garnering more than INR 10,000 crs. Afcons’s IPO saw a steady listing with stock price seeing days high of ~13% and closing at ~11% above opening price. Nuvama successfully closed the Secondary Pre-IPO placement – Garnered participation from a marquee LO DII investors and Family Offices. The deaeal size reached INR 83,977 mn (~ USD 1 bn).
This is the 4th transaction# w.r.t Shapoorji Pallonji Group in last 3 years with Nuvama Wealth Management Limited being the “Banker of Choice”.
Nuvama Wealth Management Limited
Advised in the sale of
Afcons Infrastructure (part of Shapoorji Pallonji Group)
to